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Solving for the Net Realizable Value of Accounts Receivable

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ABC Company had the following account balances after adjusting journal entries on 12-31-09.

Cash

$120,000

Accounts Receivable

$450,000

Bad Debt Expense

$65,000

Inventory

$342,000

Allowance for doubtful accounts

$23,100

Question: What is the net realizable value of accounts receivable at 12-31-09?

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Solution Summary

This solution provides the correct answer with explanation to the NRV question provided.

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